- You should run your profit and loss numbers assuming a property management company. 

So, after paying off the mortgage,  would net $58k (and wouldn't pay capital gains taxes as I have so many losses from previous years).

Logistics, Trades, and Fast Food.

Given I am claiming losses in excess of $25,000, it's important I have detailed logs of daily activity. 

My concern is I tend to be less risk adverse especially with short term losses if the long term gain is worthwhile (i.e maybe the property might not cash flow today but it gains more equity).

If the seller provides access to management and you understand the risks (credit losses from slow/no pay tenants, major repairs on move-out, etc) tied to that high cap rate then go for it.  

But as a vacation home 5K a year in losses may not be bad to own your piece of heaven. 

The food is amazing!

I was in food business for decades before getting into commercial real estate the last 20 years so know it well.FIRST you have to separate out does your current business itself without the building have any value?

Need help with food?